Bits + Bips: How to Play the ‘Trump Trade’ in Crypto After the Assassination Attempt

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann, joined by guest Jack Platts, dive into the market's reaction to the recent assassination attempt on former President Donald Trump, looking at how this event will influence the 2024 U.S. presidential election—and the crypto markets. They also cover potential rate cuts: Could there be a cut this July? How big might the rate cut be in September? Could the decision ever be influenced by the upcoming election? They also give their predictions for what percentage of the BTC ETF inflows the ETH ETFs will reach, and James talks about what he’s expecting for Grayscale’s ETHE (hint: his view would be positive for ETH). Finally, they delve into what’s next for Bitcoin as the German government runs out of BTC and Mt. Gox distributions begin. Is it up only now? Show highlights: 00:00 Intro 01:18 Whether the Trump shooting has settled the election and whether the event caused a “flight to safety” 11:23 How election markets are becoming a place to watch election odds and whether crypto “leans right” 20:16 Whether rate cuts are coming in July or September and how much they’ll cut: 25bps or 50bps 29:06 How Joe views the relationship between global liquidity cycles, rate cuts, and Bitcoin's potential rise 34:41 What new updates there are about the Ethereum ETFs and their expected launch 42:08 Why Solana hasn't outperformed significantly since the Trump news 43:25 What market breadth indicates about the current market rally and the impact of rates in small caps 49:01 Everyone’s predictions of ETH ETF inflows and how much outflows we’ll see on Grayscale’s ETHE 53:04 What’s next for BTC after the German government is out of bitcoin, and with Mt. Gox distributions starting this week Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Guest: Jack Platts, Co-Founder & Managing Partner at Hypersphere Ventures Learn more about your ad choices. Visit megaphone.fm/adchoices